Bharti Airtel has posted financial results for the fourth quarter ended March 2014 and full year 2013-14. Driven by a growing usage of data services and higher voice tariffs, Bharti Airtel has reported 89 per cent increase in its consolidated profit to Rs 9.62 billion for the fourth quarter ended March 2014. The company had reported a net profit of Rs 5.09 billion for the corresponding period last year.
Further, operator?s consolidated revenues grew by 13.5 per cent from Rs 195.82 billion during quarter ended March 2013 to Rs 222.19 billion during the corresponding quarter in 2014., Bharti Airtel?s mobile data revenues grew by 93.4 per cent on a year-on-year basis and reached Rs 19 billion at the end of fourth quarter of 2014. Meanwhile, the company?s average revenue per user increased from Rs 159 per month in the fourth quarter of 2013 to Rs 162 in the corresponding period in 2014. Bharti Airtel?s 3G user base stood at 10 million at the end of fourth quarter of 2014.
For the fourth quarter ended March 2014, operator?s non-voice revenue accounts for 17.3 per cent of the total income from mobile services. At the same time, data usage per user has increased by 48 per cent to 277 MB.
Operator?s international revenues grew by 17.2 percent with Africa growing by 16.4 per cent and South Asia by 30 per cent.
For the full year ended 2014, Bharti Airtel?s consolidated revenues at Rs 857.56 billion grew by 11.5 per cent over the previous year. The operator?s net income for the year under review increased by 21.8 per cent to reach Rs 27.73 billion.
Commenting on the company?s financial performance, Gopal Vittal, managing director and chief executive officer, India and South Asia, said, ?The year has ended on a satisfying note, both in operational and financial terms. Network and spectrum investments, a refreshed IT strategy, innovative service platforms and an energised organisation will enable sustained growth in India and South Asia.?
